Can I retire at age 57 with 470,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$38,812$38,466$38,129$37,800$37,478$36,602
2 years$19,214$18,856$18,509$18,173$17,847$16,969
3 years$12,682$12,323$11,977$11,644$11,323$10,471
4 years$9,417$9,058$8,716$8,389$8,076$7,256
5 years$7,458$7,102$6,764$6,443$6,139$5,354
6 years$6,153$5,799$5,466$5,153$4,857$4,108
7 years$5,221$4,870$4,543$4,236$3,950$3,237
8 years$4,522$4,175$3,852$3,554$3,277$2,599
9 years$3,979$3,635$3,318$3,027$2,760$2,116
10 years$3,545$3,204$2,893$2,609$2,352$1,742
11 years$3,190$2,852$2,547$2,271$2,022$1,446
12 years$2,894$2,560$2,260$1,992$1,753$1,209
13 years$2,644$2,314$2,019$1,759$1,528$1,016
14 years$2,430$2,103$1,814$1,561$1,340$857
15 years$2,244$1,921$1,638$1,392$1,180$726
16 years$2,082$1,763$1,485$1,247$1,043$617
17 years$1,939$1,623$1,351$1,120$924$526
18 years$1,813$1,500$1,234$1,009$822$449
19 years$1,699$1,390$1,129$912$733$384
20 years$1,597$1,292$1,037$826$654$329
21 years$1,505$1,203$953$750$586$282
22 years$1,422$1,123$879$682$525$242
23 years$1,346$1,050$811$621$471$208
24 years$1,276$984$750$566$423$179
25 years$1,212$924$695$517$381$154
26 years$1,153$868$645$473$343$133
27 years$1,098$817$599$433$309$114
28 years$1,048$770$556$396$279$99
29 years$1,001$726$518$364$252$85
30 years$957$686$482$334$228$73
31 years$916$648$450$306$206$63
32 years$878$613$420$282$186$55
33 years$842$581$392$259$169$47
34 years$808$551$366$238$153$41
35 years$776$522$342$219$138$35
36 years$746$496$320$202$125$30
37 years$718$471$300$186$114$26
38 years$692$447$281$172$103$23
39 years$666$425$263$158$93$20
40 years$643$405$246$146$85$17
41 years$620$385$231$135$77$15
42 years$598$367$217$124$70$13
43 years$578$350$203$115$63$11
44 years$558$333$191$106$57$9
45 years$540$318$179$98$52$8
46 years$522$303$168$90$47$7
47 years$505$289$158$83$43$6
48 years$489$276$149$77$39$5
49 years$474$264$140$71$35$5
50 years$459$252$131$66$32$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $470,000, adding $3,167 every year, while hoping to spend $27,293 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 77/13/10 Blend
56$470,000$470,000$470,000$470,000
57$521,207$496,297$489,012$560,196
58$545,330$491,576$476,354$581,565
59$571,000$485,709$462,358$601,181
60$598,344$478,611$446,949$621,906
61$627,504$470,191$430,050$643,841
62$658,634$460,356$411,582$667,095
63$691,904$449,002$391,459$691,789
64$727,500$436,025$369,595$718,058
65$765,624$421,309$345,895$746,049
66$806,500$404,736$320,266$775,926
67$850,374$386,179$292,605$807,868
68$897,513$365,503$262,808$842,076
69$948,213$342,566$230,766$878,767
70$1,002,798$317,219$196,364$918,186
71$1,061,624$289,303$159,482$960,601
72$1,125,080$258,650$119,996$1,006,306
73$1,193,597$225,083$77,775$1,055,629
74$1,267,647$188,414$32,683$1,108,930
75$1,347,746$148,446$0$1,166,609
76$1,434,466$104,970$0$1,230,751
77$1,528,433$57,765$0$1,304,024
78$1,630,336$6,598$0$1,383,490
79$1,740,932$0$0$1,469,758
80$1,861,054$0$0$1,570,477
81$1,991,619$0$0$1,680,992
82$2,133,634$0$0$1,801,215
83$2,288,210$0$0$1,932,087
84$2,456,566$0$0$2,074,643
85$2,640,045$0$0$2,230,022
86$2,840,126$0$0$2,399,479
87$3,058,436$0$0$2,584,393
88$3,296,764$0$0$2,786,284
89$3,557,083$0$0$3,006,823
90$3,841,561$0$0$3,247,852
91$4,152,589$0$0$3,511,398
92$4,492,795$0$0$3,799,691
93$4,865,077$0$0$4,115,190
94$5,272,624$0$0$4,460,599
95$5,718,946$0$0$4,838,898
96$6,207,911$0$0$5,253,368
97$6,743,779$0$0$5,707,623
98$7,331,238$0$0$6,205,641
99$7,975,456$0$0$6,751,807
100$8,682,121$0$0$7,350,947